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7/27/2019 Ps Services (en)

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PANTHERASOLUTIONSSTRATEGICASSETALLOCATIONINTELLIGENCE

CONSULTING

SERVICES


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ABOUT

PANTHERASOLUTIONS

PantheraSolutions

basedinthePrincipalityofMonaco

providesStrategicAssetAllocationIntelligencefor

professionalinvestorsinEurope.

WeofferB2B-Consultingfor

themanagementofmulti-asset-portfolios.Oursolutionsarebasedonthethirdgenerationof

assetallocationprinciples.

Inoursegmentwehaveproventobe

innovationleaderinGermany,Austriaand

Switzerland.


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ASSET

ALLOCATIONHISTORYDominantCharacteristicsof

3rdGeneration

AssetAllocationviariskfactor

diversiication

Realactivemanagers(vsbetaplayers)receivelargerfreedom

AlternativeAssetsextendedbycatastrophebonds,carboncredits,intellectualproperty

rights&longevityswaps

SAA&TAAdistinctionlosesexplanatorypowerseeDSAA

EmancipationfromMPT-Family

1.Generation 2.Generation 3.Generation

1950-2000TraditionalBeta

&Long-termInvestment

Horizon

20002010Multi-Asset-Diversiication

&Globalizationof

Allocation

2010DynamisationofMulti-Asset-

Allocation&Diversiicationvia

RiskFactors

DominantCharacteristicsof1stGeneration

Quantitativeoptimizationvia

Mean-Variance

Diversiicationasthemeexplainspopularityof

mutualfunds

Diversiicationviatraditionalassetclasses-stocks,bonds,

realestateandcash

Single-FactorandSingle-Periodmodelsdominate

HomeBias Nouseofriskbudgets

DominantCharacteristicsof2ndGeneration

QuantitativeoptimizationviaMean-VarianceandMinimum-

Variance(forequityexposure)

Diversiicationviatraditionalandalternativeassetclasses

(leverage-sensitive:HF,PE,Infrastructure)

Multi-FactorandMulti-Periodmodelsdominate

SAA&TAAdistinction ActivemanagementAsset

classesmanagedbyspecialists


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Portfoliomanagementstrategiesofgeneration1and2generatediversiicationandrobustnessindecliningmanner.Theyskewrisksandlead

tolawedinvestmentdecisions.

Dominantportfoliomanagementstrategiespergeneration:

ASSET

ALLOCATIONHISTORY

1.GENERATION

Long-OnlyPortfolio

Buy-HoldPortfolio

PermanentPortfolio

BalancedPortfolio

2.GENERATION

RiskParityPortfolio

YaleModell

MostDiversiiedPortfolio

Best-of-twoPortfolio

3.GENERATION

FirstBest-Practicestrategiestakeplace

3GENBuildingBlocks=Corecompetenceof

PantheraSolutions

Wesupportyouindetectingportfoliorisksearlieranddiversifythemmorerobustly.

Toyourclientsadvantage.

Toyouradvantage.


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SERVICE

OFFERINGCONSULTINGPHILOSOPHY

The essence of investment management is themanagement of risks, not the management of returns.

Benjamin Graham

Wisdom

Understanding

Knowledge

Information

Data

Information and data ischeap and at everyonesfingertups all the time.

Bookshelves are full of it. Wecan look up nearly anything.

Here is where we hope to start

adding valoue throughthoughtful research.

Our aim.

This is where the value is.


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SERVICE

OFFERING3GEN PORTFOLIOOPTIMIZATION

MODULES

INTRO

ONETIMEPORTFOLIO

ANALYSIS

CUSTOMEREVENT

ONSITE

QUARTERLYUPDATE

DIGITALREPORTS

PROCESSCONSULTING

MACROUPDATE

ANIMALSPIRITSMANAGEMENT

RULEBOOKDEVELOPMENT

RULEBOOKIMPLEMENTATION

RULEBOOKEXECUTION

2DAYINHOUSE

3GENINTRO

CUSTOMIZEDSERVICES

THEME

UPDATE

ACADEMICUPDATE

PRODUCTUPDATE

Ourservicesarealignedtomaximizingthe

relevanceforourclients.Consequentlywe

considerregulatoryand/orinternalconstraints

intheset-upofourconsultingwork.

MSAAREPORT

THEMEREPORT

MACROREPORT

ACADEMICREPORT

TARGETGROUPS

REGIONAL

BANKS

PRIVATEBANKS

FAMILYOFFICESHNWI

TRUSTS

WEALTHMANAGER

ASSET/PORTF.MANAGER

PRODUCTSELECTION

SCREENING

DUEDILIGENCE

FORMATSKEYNOTE

PROCESSFEEDBACK

PROCESS

INTERVENTION

MODERATION

DIRECTINPUT

DIALOGICINPUT


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INNOVATIONSLEADERINGER-AUT-CH

APPLICABILITYOFTRANSFERREDKNOWLEDGE

SCIENTIFIC&INDEPENDENT

UNAMBIGUOUSLYONTHEINVESTORSSIDE

INHOUSECOSTSAVINGS

SERVICE

OFFERINGCOMPETITIVEEDGE


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ONE-TIME

PORTFOLIOANALYSISSERVICE

OFFERINGEXAMPLE

PORTFOLIO

ANALYSIS

Analyzedaspectsoftheclientportfolio:

Anti-cyclicalityoftheAAdecisionmakingprocess Rebalancinglogic Impactofglobalandspeciicriskfactorssourcedfrom

PantherasRiskMatrix-oncurrentportfolio Balancebetweenbusinesscycletimingandlong-term

macrotrendcoverageincurrentportfolio

PROCESS

REPORT&

CONFERENCECALL

OPTIONAL

DATA

COLLECTION

Check-listfordatacollection+Currentportfoliopositions

+Transactionhistoryofprev12months

Interview(s)withclientsAAdecisionmakersaboutcurrentAApremises,regulatoryconstraints,ALMguidelines,internaldecisionmakingprocess,etc.

Deiningalowchartwithclient,includingon-demandcallsandfeedback-loops.

Thewrittenanalysisreportincludes:

Action-orienteddescriptionofallanalyzedaspects Comparisonofthecurrentportfoliowithaportfolio

derivedfromthirdgenerationAAprinciples

RecommendationsonhowtotransformthecurrentportfoliospolicyallocationintoonealignedwiththirdgenerationAAprinciples

Thereportwillbeexplainedduringaconferencecall.

Ifrequested,theprocesscanincludeinvestmentproduct

recommendationstoimplementthepolicyallocation

transformationasoutlinedintheanalysisreport.

Therecommendedproductswouldcomplywith

regulatoryconstraintsoftheclient.

2W

EEKS

+1WEEK

EUR

5.000

EUR2.500


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SPEAKERSERVICE

OFFERINGEXAMPLE

Weallwanteconomicgrowthandstability.

Duringtimesofuncertainty,youwantan

expertthatcanputyouandyourorgani-

zationonapathtoinancialsecurity.

WithMarkusSchulleryougetanswersto

yourquestionsonassetallocation,economicpolicyandtheglobaleconomy.

Heisaninternationallyrespectedasset

allocationexpertandspeaksregularlyat

conferencesandinhouseevents.

KEY-NOTESPEAKER

LECTURER

IMPULSE-PRESENTATION

BUSINESSTALK/INTERVIEW

PANELIST/MODERATOR

ENGAGEMENTS SPEAKERTOPICS

3.ASSETALLOCATIONGENERATION

FINANCIALREPRESSION

THEFUTUREOFTHEEURO

BANKINGUNIONWHATNOW?

HOWTOSELECTHEDGEFUNDS?

REFERENCES


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SEMINARSSERVICE

OFFERINGEXAMPLE

AlternativePortfoliomanagement

3-Day-Workshop

Multi-Asset&Risk-Management

derdrittenGeneration

3-Day-Workshop

AllPantheraSolutionsservicesarebasedononecorecompetence:providing

professionalinvestorswithastablefoundationfortheirassetallocationof

3rdgenerationmulti-asset-concepts.Ourworkshopsteachparticipantsaboutthenecessityandthetoolsofwhyand

howtoapply3rdgenerationassetallocationprinciples.

AccreditedbytheFinancialPlanningStandardBoardsinGermany,Austria

andSwitzerland:

OrganizerinAustriaWienerBrseAkademie

OrganizerinGermanyWMSeminare

OrganizerinSwitzerland

WMSeminare

OrganizerinGermany

DeutscheBrse

Moredetailsonour

workshopscanbefoundon:

www.panthera.mc

SEMINARS


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CASE

STUDYFOUNDATION

INITIALSITUATION

TheboardoftrusteesofanAustrianprivatefoundationwasincreasinglyunsatisied

withthewealthmanagementserviceprovidedbyitshousebank(highproduct

turnover;highlevelofinhouseproducts).Chastenedbyhighperformancevolatilityandintransparentserviceprovision,theboardapproachedPantheraSolutions.

PROCESS

1. TheboardmandatedPantheraSolutionstoperformaone-timeportfolioanalysis.Intheinalreport,werecommendedconcretesteps,how

#assetallocationguidelinesand

#theinvestmentprocessoftheboard

canbeimprovedbyapplying3GENoptimizationtechniques.

2.Subsequently,PantheraSolutionswasmandatedtoimplementcertainrecommendationsfromtheinalreport,togetherwiththefoundationsslegalandtaxadvisors.

3.Afterasuccessfulimplementation,PantheraSolutionswasappointedasexternal

intelligenceprovider.Thehousebankwaskeptaswealthmanager.Indetail,PantheraSolutionsorganizesandmoderatesasemi-annualfull-dayprogramon-

site,duringwhichtheboardoftrusteesupdatesitsassetallocation.

CONCLUSION

DespitetheongoingservicecostsofPantheraSolutions,theoverallcoststructureof

theprivatefoundationdecreasedsigniicantly,whileitsassetallocationturned

increasinglystableandattargetreturn.

ONE-TIMEPORTFOLIO

ANALYSIS

PROCESSCONSULTING

ONSITESEMI-ANNUAL

UPDATE


12/13

TESTI-

MONIALS

"IamhappytohavewonMarkusSchulleran

internationalexpertinAlternative

PortfoliomanagementaslecturerforourVienna

StockExchangeAcademy.

Ourseminarparticipantsbeneitfromhis

longstandingexpertiseandcanimmediatelyapply

theknowledgeequippedbyhim."

"MarkusSchullersexpertiseintheareasof

economics,capitalmarketpolicies,top-down

anaylsisandspeciictopicsoftheinvestment

industryareanimportantelementinourdecision

makingprocecss.Hisdiligenceanddisciplineinthe

marketrecognitionandresearcharetremendous.Thequalitativeanalysisandthetakenviewpointin

hisinalconclusionsareconsequentlycertainand

concise.Thequalityofhisworkisconirmingly

visiblethroughthestabilityofhisanalyses.Astrong

internationalnetworkstrengthenshisuniqueness.

MarkusSchullerisindependent,comprehensive,

disciplined,knowledgableandpossessesatremen-

douslevelofanalyticalcombinatorics.Anasset.

WOLFGANGMATEJKACEOMatejka&PartnerAssetManagementGmbH

ERWINHOFHeadofWienerBrseAkademie

MrSchullersubstantiallyhelpedmetoshapea

businessplanformyproductideas.Hispatienceto

listen,hisskillstoextracttheessentialsofspeciic

themesinindustriesheisunfamiliarwith,andhis

business-focussedmind-set,enabledthecreationof

adocumentthathelpedmeenteringintense

negotiationswithinvestors.

ThankstothatIconsidermychancesforsuccessaspromising.

Dr.WOLFGANGHAIDEGGERCEOAdvancedSecureCommunications

MarkusSchullerhasbeenteachingspecialized

coursesininanceandentrepreneurshipasan

adjunctlecturerattheInternationalUniversityof

Monacoforthreeyears.Hiscompetence,clear

analysisandrealworldexperiencemakehisclasseslivelyandrelevant,awinningcombinationfor

effectivestudentlearning.

Hiscourseevaluationsareindeedamongthehighest

inourinstitution.Reliable,calmandwellorganized

Markusisapleasuretoworkwithandisagreat

assetinourteam.

Dr.ANTONELLAPATRASDean|InternationalUniversityofMonaco

MarkusSchuller'slevelofenthusiasminhiswork

setshimapartfromotherprofessionalsinthe

industry.Hisexperienceanddetailedknow-ledgeof

theinancialmarketsinEuropeshouldgive

conidencetoanyonewhouseshisservices.His

comprehensivenetworkacrossEurope,ranging

fromregulators,managersandtradersisalso

particularlyresourceful."

MATTHEWBARNETTFounder/TraderatStalagmiteInternational

WelovethecrystalclearwayPantheraanalyzes

economicsituations.Provestobeparticularhelpful

intimesofgreatuncertainty.Theyclearlyexpress

theirwellfoundedopinionanddontdancearound

criticalissueslikesomanyothersdo.

Dr.WOLFGANGSCHIKETANZCEOSchiketanzCapitalAdvisorsGmbH


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CONTACT

PantheraSolutions

49,avenueHectorOtto

MC98000Monaco

[email protected]

www.panthera.mc

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